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McDermott and CSIRO Team Up to Advance Carbon Capture Technologies
February 9, 2022
McDermott International and the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Australia’s premier national science organization, are evaluating technical and commercial opportunities for the deployment of CSIRO’s carbon capture technologies for energy and heavy industry applications. McDermott’s expansive experience comes
Whiting Petroleum Expands Position in Williston Basin’s Sanish Field for $273 Million
February 8, 2022
Whiting Petroleum Corporation has entered into two separate definitive agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota. The assets are being acquired from two private companies for total cash consideration of $273 million,
Natural Resource Partners Enters into CO2 Sequestration Agreement with Denbury
February 8, 2022
Natural Resource Partners (NPR) and Denbury Carbon Solutions have executed a CO2 sequestration agreement for the evaluation and potential development of a permanent CO2 sequestration site located on Alabama’s Gulf Coast. The agreement provides Denbury with the exclusive rights to
NGL Energy Enters Collaboration to Advance Full Cycle Water Management in Delaware Basin
February 8, 2022
NGL Energy Partners entered a collaboration with XRI Holdings (XRI) to advance full cycle produced water management across operations in the prolific Delaware Basin. NGL owns and operates the largest integrated produced water pipeline system in the Basin where it
Targa Resources to Divest Stake in Gulf Coast Express Pipeline for $857 Million
February 7, 2022
Targa Resources, through its wholly-owned subsidiary, has agreed to divest its 25 percent equity stake in the Gulf Coast Express (GCX) pipeline for an undisclosed buyer for $857 million. Kinder Morgan, Altus Midstream, and DCP Midstream are the other stakeholders
Encino Environmental Services Snags Equity Investment from EnCap
February 7, 2022
Encino Environmental Services received a growth equity investment from EnCap Investments. Encino is an environmental monitoring, measurement, and technical services and products company that provides an enterprise-class data fabric and vertically integrated sensor arrays to identify and evaluate greenhouse gas
U.S. Drillers Add Oil and Gas Rigs for Fifth Week in a Row
February 7, 2022
U.S. energy firms this week added oil and natural gas rigs for a fifth week in a row for the first time since November as crude prices extended their rally to a seventh week to levels not seen since 2014,
Enbridge Partners With First Nation Capital to Advance Carbon Capture Project
February 7, 2022
Enbridge and the First Nation Capital Investment Partnership (FNCIP) have reached an agreement to advance the proposed Open Access Wabamun Carbon Hub west of Edmonton. The hub is being developed as an innovative combination of carbon transportation and storage solutions
U.S. Oil Busts Through $90 a Barrel for First Time Since 2014
February 4, 2022
Oil prices surged in late-day trading Thursday, sending the U.S. crude benchmark through $90 a barrel for the first time since 2014 due to ongoing supply worries and as frigid weather cascades across the United States. Global benchmark Brent crude
PennEnergy Resources Achieves Project Canary Certification Across Entire Operating Asset
February 4, 2022
Private exploration and production company PennEnergyResources has received Project Canary’s TrustWell™ certification for its overall business assets and received the highest rating for 99 percent of wells. Project Canary launched the TrustWell™ environmental certification process in the third quarter of
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